Home / Knowledge / News / Textiles / Novozymes unveils new corporate strategy
Novozymes unveils new corporate strategy
23
Jan '15
Novozymes unveiled its new corporate strategy titled, ‘Partnering for impact’, which is accompanied by a new set of long-term social, environmental and financial targets.

It also includes a new purpose statement which reads, ‘Together, we find biological answers for better lives in a growing world – Let’s rethink tomorrow’.

The new strategy sets out four focus areas for Novozymes, namely; Rally for change, Lead innovation, Focus on opportunities and Grow people.

“These focus areas will not only be addressed at a corporate level but also be reflected in the separate strategies for each industry area,” Novozymes said in a statement.

“As part of our new purpose and strategy, we have set a series of long-term targets to assess how we are doing,” says CEO Peder Holk Nielsen.

He adds, “Over the next five years we aim to reach, educate, catalyze, deliver, save and enable to make a lasting difference.”
According to Novozymes’, its enzymatic solutions should reach 6 billion people by 2020, while simultaneously striving to educate 1 million people about the potential of biology.

The company aims to partner with key public and private organizations – to catalyse five global partnerships for change.

Novozymes wants to deliver 10 transformative innovations that change the lives of many people, and save 100 million tons CO2 through the use of their products by 2020.

Novozymes’ also updated its long-term organic sales growth target to 8-10 per cent in local currency on average throughout the period from 2015 to 2020.

This replaces the previous target of above 10 per cent and reflects the current visibility of the global economy and end markets and innovation pipeline.

EBIT margin has also been updated from more than 24 per cent to 26 per cent and above, and is expected to be achievable through 2015 to 2020.

The updated long-term target for ROIC including goodwill is 25 per cent and above, and replaces the previous target of more than 22 per cent and is expected to be reached throughout the period. (AR)

Fibre2fashion News Desk - India


Must ReadView All

India's Kay Ventures aims to turn Karur into knitwear hub

Apparel/Garments | On 20th Aug 2018

India's Kay Ventures aims to turn Karur into knitwear hub

India’s Kay Ventures has teamed up with Hydra Micro Business...

Uzbekistan-China meeting discusses textile cooperation

Textiles | On 20th Aug 2018

Uzbekistan-China meeting discusses textile cooperation

A meeting of the Uzbek-Chinese business forum on cooperation in the...

Moldova wooing Indian investors in textiles, agriculture

Textiles | On 20th Aug 2018

Moldova wooing Indian investors in textiles, agriculture

Moldova is wooing Indian investors in textiles, agriculture and a few ...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search